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This is an archive article published on February 14, 2012

G-secs recover on fresh demand,call rate eases

The 8.79 per cent (G-Sec) maturing in 2021 rose to Rs 104.0225 from Rs 103.8150.

The government securities (G-Sec) recovered on fresh buying supports from banks and corporates while call rate eased on the overnight call money market here today due to lack of demand from borrowing banks.

The 9.15 per cent (G-Sec) maturing in 2024 firmed up to Rs 106.8425 from Rs 106.6525 yesterday,while its yield moved down to 8.27 per cent from 8.29 per cent.

The 8.79 per cent (G-Sec) maturing in 2021 rose to Rs 104.0225 from Rs 103.8150,while its yield declined to 8.18 per cent from 8.21 per cent.

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The 7.83 per cent (G-Sec) maturing in 2018 hardened to Rs 98.08 from Rs 97.86,while its yield looked down to 8.23 per cent from 8.28 per cent.

The 8.19 per cent (G-Sec) maturing in 2020,the 8.97 per cent (G-Sec) maturing in 2030,the 8.83 per cent (G-sec) maturing in 2041 and the 7.59 per cent (G-sec) maturing in 2016 were also quoted higher at Rs 99.79,Rs 103.6850,Rs 102.80 and Rs 97.74,respectively.

The overnight call money rate finished lower at 8.70 per cent from yesterday’s closing level of 8.80 per cent. It moved in a range of 8.95 per cent and 8.60 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 1,70,155 crore from 66 bids at the one-day repo auction at a fixed rate of 8.50 per cent.

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